Douglas M. Lane

DOUGLAS M. LANE is Director of Equity Research for Avondale
Partners, LLC. Prior to taking on his responsibilities at the
firm in October 2002, Mr. Lane managed a hedge fund in New York.
Previously, he was an Equity Analyst at Merrill Lynch, most
recently as the senior analyst covering the US beverage group
from 1997-2001. From 1992-1997 Mr. Lane was a member of the
cosmetics and household products team at Merrill Lynch, with
senior responsibility for a dozen stocks and as a backup for
several others. Mr. Lane has been recognized by various
financial publications for stock picking and earnings estimate
accuracy for beverages and for cosmetics & household products.
He started his investment career in 1989 at PNC Bank in
Philadelphia as a Consumer Products Analyst. Mr. Lane earned an
MBA degree from Loyola College in Baltimore and a BS degree in
Business Administration from the University of Richmond. He is a
Chartered Financial Analyst.